Jan 3 2017, 03:30 PM
QUOTE(prophetjul @ Jan 3 2017, 02:51 PM)
EPF not to be blamed for leaving FGV
BY M. SHANMUGAM
THAT the Employees Provident Fund (EPF) does not have any stake in Felda Global Ventures Bhd (FGV) is certainly something that could not have gone down well with some quarters in Putrajaya.
But for those who have been in awe of the EPF’s splendid track record in declaring handsome dividends year after year, against the trend of the global capital markets, the news comes as no surprise. The writing was already on the wall more than two years ago that FGV was not a stock that fitted EPF’s investment criteria.
When the FGV was listed in 2012, the EPF was the third largest shareholder of the plantation company with 7.95%. The FGV was sitting on a cash pile of more than RM5bil and its business model was pretty straight forward – which is to collect the fresh fruit bunches and process them into crude palm oil.
....
Thumbs up!!! That's what we want from EPF. Good governance and excellent administration from EPF to protect their contributors from a bad deal. Good job EPF!!BY M. SHANMUGAM
THAT the Employees Provident Fund (EPF) does not have any stake in Felda Global Ventures Bhd (FGV) is certainly something that could not have gone down well with some quarters in Putrajaya.
But for those who have been in awe of the EPF’s splendid track record in declaring handsome dividends year after year, against the trend of the global capital markets, the news comes as no surprise. The writing was already on the wall more than two years ago that FGV was not a stock that fitted EPF’s investment criteria.
When the FGV was listed in 2012, the EPF was the third largest shareholder of the plantation company with 7.95%. The FGV was sitting on a cash pile of more than RM5bil and its business model was pretty straight forward – which is to collect the fresh fruit bunches and process them into crude palm oil.
....
Quote
0.3731sec
0.40
7 queries
GZIP Disabled